California State Teachers Retirement System Purchases 29,824 Shares of Kosmos Energy Ltd. (KOS)
California State Teachers Retirement System increased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,091 shares of the oil and gas producer’s stock after buying an additional 29,824 shares during the quarter. California State Teachers Retirement System owned 0.09% of Kosmos Energy worth $2,251,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its holdings in Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after buying an additional 3,778 shares in the last quarter. Creative Planning bought a new stake in Kosmos Energy during the second quarter worth $128,000. Comerica Bank grew its holdings in Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 3,626 shares in the last quarter. Amalgamated Bank grew its holdings in Kosmos Energy by 3.3% during the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 720 shares in the last quarter. Finally, QS Investors LLC grew its holdings in Kosmos Energy by 192.3% during the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 15,000 shares in the last quarter.
Several equities research analysts recently issued reports on the company. TheStreet upgraded Kosmos Energy from a “d+” rating to a “c-” rating in a report on Friday, October 6th. Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Macquarie assumed coverage on Kosmos Energy in a report on Monday, August 7th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Bank of America Corporation assumed coverage on Kosmos Energy in a report on Friday, September 29th. They set a “neutral” rating and a $9.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.50.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.
Kosmos Energy Ltd. (KOS) opened at $8.26 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. Kosmos Energy Ltd. has a 12 month low of $4.57 and a 12 month high of $8.62.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The business had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. During the same quarter last year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 126.9% compared to the same quarter last year. equities analysts anticipate that Kosmos Energy Ltd. will post -0.34 EPS for the current fiscal year.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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